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You purchase an apartment for $500,000; 20% down payment and 80% mortgage with 2% annual interest rate. You rent the place for $2,400 per month.

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You purchase an apartment for $500,000; 20% down payment and 80% mortgage with 2% annual interest rate. You rent the place for $2,400 per month. Your average monthly operating expenses are $700. How much is the ROI for your investment at the end of the year? a. 4.9% Ob 12.4% O c. 5.23% Od 9.4%

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